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Assume the real rate of interest is 3 . 0 0 % and the inflation rate is 2 . 0 0 % . What is

Assume the real rate of interest is 3.00% and the inflation rate is 2.00%. What is the value today of receiving 14,786.00 in 8.00 years?
Answer format: Currency: Round to: 2 decimal places.
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